Hancock Whitney Co. (NASDAQ:HWC) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in Hancock Whitney Co. (NASDAQ:HWC) by 58.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,566 shares of the company’s stock after selling 6,299 shares during the quarter. SG Americas Securities LLC’s holdings in Hancock Whitney were worth $234,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Retirement Systems of Alabama grew its stake in shares of Hancock Whitney by 0.3% in the first quarter. Retirement Systems of Alabama now owns 108,183 shares of the company’s stock valued at $4,981,000 after buying an additional 284 shares in the last quarter. AlphaMark Advisors LLC grew its stake in shares of Hancock Whitney by 5.7% in the second quarter. AlphaMark Advisors LLC now owns 6,622 shares of the company’s stock valued at $317,000 after buying an additional 356 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of Hancock Whitney by 2.4% in the first quarter. State of Michigan Retirement System now owns 21,140 shares of the company’s stock valued at $973,000 after buying an additional 500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hancock Whitney by 3.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,147 shares of the company’s stock valued at $868,000 after purchasing an additional 618 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Hancock Whitney by 34.6% during the 2nd quarter. Blue Trust Inc. now owns 2,495 shares of the company’s stock valued at $115,000 after purchasing an additional 641 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HWC shares. DA Davidson raised their price objective on Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Hovde Group raised their price objective on Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Piper Sandler increased their target price on Hancock Whitney from $52.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Jefferies Financial Group reduced their target price on Hancock Whitney from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. Finally, Truist Financial reduced their target price on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a report on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.89.

Hancock Whitney Stock Down 2.3 %

Shares of Hancock Whitney stock opened at $50.96 on Tuesday. The business’s fifty day moving average price is $51.02 and its two-hundred day moving average price is $48.72. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $4.41 billion, a P/E ratio of 11.88 and a beta of 1.26. Hancock Whitney Co. has a 1-year low of $32.16 and a 1-year high of $57.78.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.02. Hancock Whitney had a return on equity of 11.51% and a net margin of 18.63%. The company had revenue of $525.37 million for the quarter, compared to analysts’ expectations of $363.54 million. During the same period last year, the firm earned $1.12 EPS. As a group, research analysts forecast that Hancock Whitney Co. will post 5.14 EPS for the current year.

Hancock Whitney Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Thursday, September 5th. Hancock Whitney’s dividend payout ratio (DPR) is presently 37.30%.

Insider Activity

In related news, Director Frank E. Bertucci sold 2,053 shares of Hancock Whitney stock in a transaction on Monday, July 29th. The stock was sold at an average price of $57.03, for a total value of $117,082.59. Following the transaction, the director now directly owns 22,554 shares in the company, valued at $1,286,254.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by insiders.

About Hancock Whitney

Hancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It offers various transaction and savings deposit products consisting of brokered deposits, time deposits, and money market accounts; treasury management services, secured and unsecured loan products including revolving credit facilities, and letters of credit and similar financial guarantees; and trust and investment management services to retirement plans, corporations, and individuals, and investment advisory and brokerage products.